CARLSBAD, Calif., Aug. 22,
2022 /PRNewswire/ -- Viasat Inc. (NASDAQ: VSAT),
a global communications company, today announced it was awarded a
$99 million order for Multifunctional
Information Distribution System (MIDS) Joint Tactical Radio System
(JTRS) terminals from U.S. Naval Information Warfare Systems
Command (NAVWAR) on behalf of the MIDS Program Office. This order
falls under a U.S. Navy Indefinite Delivery, Indefinite Quantity
(IDIQ) contract awarded to Viasat in 2020 with a maximum value
of $998 million for the production,
retrofits, development and sustainment of MIDS JTRS terminals. This
order was received during Viasat's Q2 FY23.
MIDS are among the most widely used Link 16 terminals by the US
military and global allies, acting as the foundational
communications datalink on the modern battlefield and providing a
secure communications capability for operations in any environment.
Viasat's MIDS JTRS terminals provide access to the secure Link 16
line-of-sight network enabling tactical communications and data
transport to ground, maritime and airborne platforms to provide
greater situational awareness on the battlefield.
"This award further indicates Viasat's commitment and expertise
providing Link 16 tactical communications solutions supporting US
and Allied armed services," said Craig
Miller, president of Viasat Government Systems. "MIDS JTRS
radios are a critically important tool that enables warfighters to
maintain communications superiority and secure data transport on
the battlefield, as well as securely communicate with allied
forces. Viasat is proud to be a trusted supplier of this capability
for today's allied warfighting force."
The order demonstrates the strength of Viasat's Tactical Data
Link (TDL) business and recognition of its production capability to
deliver large quantities of MIDS terminals in a variety of
configurations to meet mission and customer requirements.
Visit Viasat's website for more information about its TDL
and Line-of-Sight networking and communications capabilities.
Viasat is a global communications
company that believes everyone and everything in the world can be
connected. For over 35 years, Viasat has helped shape how
consumers, businesses, governments and militaries around the world
communicate. Today, the Company is developing the ultimate global
communications network to power high-quality, secure, affordable,
fast connections to impact people's lives anywhere they are—on the
ground, in the air or at sea. To learn more about Viasat, visit:
www.viasat.com, go to Viasat's Corporate Blog, or follow the
Company on social media at:
Facebook, Instagram, LinkedIn, Twitter or YouTube.
This press release contains
forward-looking statements that are subject to the safe harbors
created under the Securities Act of 1933 and the Securities
Exchange Act of 1934. Forward-looking statements include statements
about the expansion and evolution of Viasat's receipt of orders
under the IDIQ contract; expected benefits and performance of
Viasat tactical data links business and Multifunctional Information
Distribution System (MIDS) Joint Tactical Radio System (JTRS)
terminals; and production capability to deliver large quantities of
MIDS terminals. Readers are cautioned that actual results could
differ materially and adversely from those expressed in any
forward-looking statements. Factors that could cause actual results
to differ include: contractual problems, product defects,
manufacturing issues or delays, regulatory issues, technologies
that do not perform according to expectations; and increased
competition and other factors affecting the government and defense
sectors generally. In addition, please refer to the risk factors
contained in Viasat's SEC filings available
at www.sec.gov, including Viasat's most recent
Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
Readers are cautioned not to place undue reliance on any
forward-looking statements, which speak only as of the date on
which they are made. Viasat undertakes no obligation to
update or revise any forward-looking statements for any reason.
Copyright © 2022 Viasat, Inc. All rights reserved. Viasat,
the Viasat logo and the Viasat signal are registered trademarks of
Viasat, Inc. All other product or company names mentioned are used
for identification purposes only and may be trademarks of their
SOURCE Viasat, Inc.